Superior Group of Companies (SGC) has announced a cash dividend of $0.140 per share, set to be paid on May 30, 2025. This dividend was announced on May 8, 2025, with the ex-dividend date occurring on May 19, 2025. This payout is consistent with the company's previous dividend issued on Feb 28, 2025, which was also $0.140 per share. Notably, the average dividend per share over the last ten payments stands at $0.125, indicating that the current dividend is higher than the historical average.
Recently,
of Companies has filed a mixed securities shelf worth $120 million and plans to sell 775,000 shares of common stock. This strategic decision suggests a potential shift in the company's financial strategy, aimed at raising capital for future endeavors. Analysts have maintained a Buy rating but adjusted the price target to $15.00, reflecting cautious optimism in the company's prospects. Moreover, the company's earnings per share forecast for the current fiscal year is expected to be 0.77, emphasizing its strong performance and reliability in generating shareholder value.
Over the past week, Superior Group has been active in the securities market, filing for mixed shelf offerings and announcing plans to issue additional shares. These moves are indicative of the company's strategic positioning in the industry, as it seeks to enhance its financial flexibility and support ongoing operations. The recent adjustments in analyst ratings and price targets highlight the dynamic nature of the company's market performance and underline the importance of staying informed about its developments.
As the ex-dividend date of May 19, 2025 approaches, investors should note that this date is the last opportunity to purchase Superior Group's stock and be eligible for the upcoming dividend. Any acquisitions made after this date will not qualify for the current dividend payout.
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